LOF STATISTICS

Table of statistics for Lloyd's Open Form (LOF). Includes number of cases, settlements, awards and other information since 1990.

Lloyd's Form of Salvage Agreement statistics as at the end of 2018. Please note that the figures shown in the column 'Total Salvage Award' do not include those amounts awarded in cases that remain subject to an Appeal Award.

Year

New Cases

SCOPIC Invoked

Settlements

Salvage Awards Published (Original)

Salvage Awards Published (Appeal)

Total Salvage Award (and %paid through Lloyd's - $1,000)

Article 14/SCOPIC Awards Published (Original)

Article 14/SCOPIC Awards Published (Appeal)

Total Article 14/SCOPIC Awards*

1990

178

n/a

91

51

31

$27,589 (77%)

-

-

-

1991

173

n/a

127

63

21

$33,622 (76%)

-

-

-

1992

169

n/a

105

72

22

$53,825 (81%)

2

-

$1,718,373

1993

156

n/a

104

58

16

$28,980 (58%)

4

-

$707,128

1994

142

n/a

110

40

18

$39,633 (69%)

3

2

$948,881

1995

121

n/a

78

47

25

$36,745 (85%)

2

-

$318,633

1996

121

n/a

94

24

15

$37,528 (85%)

2

2

$1,485,719

1997

104

n/a

75

33

16

$24,656 (77%)

2+

1

$3,154,183

1998

100

n/a

64

30

10

$20,579 (83%)

3

1

$1,970,944

1999

123

14

77

30

11

$26,020 (84%)

-

2

$2,564,654

2000

133

16

67

22

13

$28,030 (77%)

-

-

-

2001

108

23

82

35

17

$26,904 (78%)

3

-

$2,662,876

2002

104

18

55

32

15

$39,422 (72%)

1

-

$555,692

2003

89

27

46

29

11

$24,919 (84%)

1

-

$1,088,143

2004

91

13

64

14

6

$14,318 (89%)

-

-

-

2005

109

20

46

18

5

$14,193 (88%)

-

-

-

2006

80#

11

40

19

3

$11,672 (79%)

-

-

-

2007

107#

23

43

22

11

$58,168 (59%)

-

-

-

2008

83#

15

46

20

9

$21,385 (60%)

2

-

$8,141,794

2009

122#

17

42

16

7

$116,766,(75%)

0

0

0

2010

111#

21

38

16

3

$9,462 (97%)

0

0

0

2011

106#

11

49

9

3

$29,440 (63%)

0

0

0

2012

122#

15

37

12

3

$10,559(54%)

0

0

0

2013

61

14

50

12

3

$33,665(39%)

0

0

0

2014

37

7

50

10

0

$36,318(26%)

0

0

0

2015

44

11

21

13

4

$29,533 (96%)

0

0

0

2016

48

11

44

8

1

$17,085 (67%)

0

0

0

2017

63

13

33

7

0

$8,039 (85%)

0

0

0

# 2006 - includes 13 yacht cases

2007 - includes 12 yacht cases

2008 - includes 4 yacht case

2009 - includes 43 yacht cases

2010 - includes 50 yacht cases

2011 - includes 36 yacht cases

2012 - includes 51 yacht cases

* Article 14 Awards/SCOPIC Awards

+ The Award was for $4,000,000 and was appealed, however, the case was settled before the appeal arbitration was head. The settlement is believed to have reduced the Award by 4.4%.

Salvage Awards 2012 - The Council of Lloyd's also published 1 Award relating to costs which are not included in the above statistics.

VALUES

(amounts shown in $1,000,000)

Year

Ship

Cargo

Other

Total

%Awards to Values

1990

$284.2

$268.6

$6.9

$559.7

4.9

1991

$277.3

$323.5

$12.5

$613.3

5.5

1992

$389.4

$436.2

$17.8

$843.4

6.4

1993

$150.4

$169.3

$4.0

$323.7

8.9

1994

$119.2

$178.2

$6.7

$304.1

13.0

1995

$193.3

$244.0

$5.6

$442.9

8.3

1996

$182.9

$111.0

$4.2

$295.1

12.5

1997

$169.1

$326.4

$13.0

$508.5

4.8

1998

$101.0

$61.0

$3.8

$165.8

12.5

1999

$53.3

$79.9

$5.8

$139.0

18.8

2000

$61.0

$194.4

$7.5

$262.5

10.7

2001

$50.9

$107.6

$2.5

$161.0

16.7

2002

$81.5

$173.3

$6.6

$264.4

14.2

2003

$72.8

$94.0

$2.3

$169.1

14.7

2004

$47.1

$93.9

$3.9

$144.9

9.9

2005

$64.5

$119.8

$1.3

$181.6

7.8

2006

$53.7

$31.6

$0.5

$85.8

13.6

2007

$172.6

$210.6

$9.5

$392.7

14.8

2008

$203.8

$92.0

$3.6

$299.4

7.1

2009

$161.2

$401.0

$8.9

$571.1

20.4

2010

$26.9

$37.7

$1.3

$65.9

14.4

2011

$25.0

$43.8

$0.5

$69.3

42.5**

2012

$53.5

$62.1

$1.0

$116.6

9.0

2013

$21.8

$41.9

$1.6

$65.3

53.9**

2014

$27.8

$67.0

$1.0

$95.8

37.9**

2015

$19.3

$83.2

$2.5

$105.0

28.1

2016

$6.7

$72.0

$0.7

$79.4

21.5

2017

$94.2

$63.2

$12.3

$169.7

4.7

** This figure is affected by several Awards issued in complex, low value cases against unrepresented interests, represented parties having already settled their proportion of the Salvors' claim.

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